Bitwise CEO discusses the “long-term resilience of cryptocurrencies, even in the face of market crashes.”
The future of “decentralized science” paved by blockchain and crypto assets.
Renowned investor Robert Kiyosaki maintains his bullish stance on Bitcoin and gold, despite warning that “cash shortages will accelerate the crash.”
Bitwise’s extreme fear index signals a “buying opportunity.”
Harvard University’s endowment invests $443 million in BlackRock’s Bitcoin ETF, a rare move!
Let’s analyze the news on the global economy and cryptocurrencies and consider economic trends together!
Sunday, November 16th: We’ll be discussing today’s cryptocurrency news and on-chain market conditions. Let’s take a look at the 24-hour data headlines for the cryptocurrency market.
First up: “Bitwise CEO asserts! ‘Crypto’s long-term foundation will remain unshakable even in a market crash.'”
The CEO of Bitwise Asset Management stated that the fundamental value of cryptocurrencies remains strong even in the face of a significant market decline.
It’s particularly important to note that regulatory developments and the increased participation of institutional investors over the past few years are helping to drive the maturation of the cryptocurrency market.
While the backdrop is the ongoing global financial uncertainty and inflationary pressures that have been present since 2022, confidence in blockchain technology itself remains strong.
In similar cases in the past, Bitcoin prices recovered an average of 37% within 60 days of a market crash, surpassing the S&P 500 index.
Given this data, many investors and industry insiders seem to see now as an opportunity to hold for the long term.
Next, we discuss the new trend of “decentralized science pioneered by crypto treasury and blockchain technology.”
In recent years, companies and research institutions have increasingly begun to utilize blockchain to conduct scientific research and manage data on autonomous, decentralized networks.
This is expected to dramatically improve the transparency and traceability of research results, leading to fraud prevention and efficiency improvements.
Referred to by some as “DeSci” (decentralized science), this trend is gaining attention as a new research funding model.
This trend is not just a technological innovation; it has the potential to change the way the entire scientific community works together.
The third topic is a statement by renowned investor Robert Kiyosaki.
While he recently analyzed that “a shortage of cash is causing the current market crash,” he remains bullish on Bitcoin and gold.
There is strong support for these as safe assets, especially amid growing concerns about inflation and monetary policy.
Kiyosaki has repeatedly sounded the alarm on his social media accounts, saying “cash alone is not enough to protect your assets,” and has called for the creation of a diversified portfolio.
The fourth topic is “Bitcoin Price Prediction: Extreme Fear Index Reaches 10 – Is This the Buying Opportunity Traders Have Been Waiting For?”
The Fear & Greed Index, an indicator of market sentiment, has fallen to 10, indicating “extreme fear.”
Historically, this level has often coincided with the lowest point, and many traders and investors are hoping for a reversal and upswing from here.
However, market volatility is also very high, so short-term risk management is essential.
Many experts believe that a sharp decline is always followed by a rebound.
Finally, we have the news that the Harvard University Endowment Fund has invested a huge $443 million in BlackRock’s Bitcoin ETF, IBIT.
This is an extremely unusual move for a traditional educational institution and could lead to increased confidence in the market.
BlackRock is one of the world’s largest asset management companies, and its large investment in an ETF has been well received by institutional investors.
This move may have a ripple effect on other university endowments, pension funds, and other institutions.
We have introduced five news stories so far. There are three important signals behind this change.
First, it indicates that long-term confidence in cryptocurrencies remains strong among market participants overall. This can be seen in the actions of the Bitwise CEO and the Harvard Foundation.
Second, innovative uses such as decentralized science are spreading as new areas of technological application, expanding not only market value but also social significance.
Third, while market sentiment remains unstable, many experts see indicators such as the Extreme Fear Index as a buying opportunity, and there is hope for a reversal phase in the coming months.
That’s all for today’s news highlights. Our channel provides in-depth, specialized features focusing on valuable news in the cryptocurrency world. If you find this channel valuable, please share, follow, and turn on notifications.
See you tomorrow.
